Amer Sports, Inc. (NYSE:AS) Shares Bought by State Street Corp

State Street Corp lifted its position in Amer Sports, Inc. (NYSE:AS) by 65.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 884,526 shares of the company’s stock after acquiring an additional 348,877 shares during the quarter. State Street Corp owned approximately 0.18% of Amer Sports worth $14,108,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its stake in shares of Amer Sports by 71.2% in the third quarter. FMR LLC now owns 7,533,007 shares of the company’s stock worth $120,151,000 after purchasing an additional 3,133,312 shares during the period. Point72 Hong Kong Ltd boosted its stake in shares of Amer Sports by 557.7% in the 2nd quarter. Point72 Hong Kong Ltd now owns 3,274,519 shares of the company’s stock valued at $41,161,000 after purchasing an additional 2,776,619 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Amer Sports by 308.3% during the second quarter. Point72 Asset Management L.P. now owns 3,106,202 shares of the company’s stock worth $39,045,000 after buying an additional 2,345,420 shares in the last quarter. Hood River Capital Management LLC boosted its stake in Amer Sports by 32.9% in the second quarter. Hood River Capital Management LLC now owns 3,896,784 shares of the company’s stock worth $48,983,000 after purchasing an additional 965,625 shares in the last quarter. Finally, Woodson Capital Management LP bought a new stake in Amer Sports during the 3rd quarter worth about $12,907,000. 40.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AS shares. UBS Group raised their price target on Amer Sports from $27.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. The Goldman Sachs Group lifted their price target on shares of Amer Sports from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. increased their price objective on shares of Amer Sports from $19.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Hsbc Global Res lowered shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a report on Monday, December 16th. Finally, Robert W. Baird upped their target price on shares of Amer Sports from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $25.14.

Amer Sports Price Performance

Shares of AS opened at $28.78 on Wednesday. The company has a 50 day moving average price of $22.28 and a 200-day moving average price of $16.66. Amer Sports, Inc. has a fifty-two week low of $10.11 and a fifty-two week high of $29.43. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. The stock has a market capitalization of $15.72 billion and a PE ratio of -205.56.

About Amer Sports

Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.